Amends Tennessee Code to clarify the creation of the Department of Financial Institutions.
The bill amends Tennessee Code Annotated, Title 4, Chapter 29 and Title 4, Chapter 3 to clarify the creation of the Department of Financial Institutions. It inserts a new subdivision into Tennessee Code Annotated, Section 4-29-250(a) to explicitly state that the Department of Financial Institutions is created by §§ 4-3-101 and 4-3-401. The act takes effect upon becoming law, as deemed necessary for the public welfare.
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